Carrefour to implement reduced pricing Sunday

CAIRO: Major supermarket chain Carrefour will reduce the prices of 27 food and non-items by between 10-40 percent in the store’s 23 Egyptian branches, Head of Internal Trade Development Ministry of Supply Ahlam Roushi told Youm7.

Private meat imports were reduced by 30 percent compared to last year’s prices due to the recent Egyptian pound depreciation against the U.S. dollar, head of the veterinary quarantine department Sayed Gad el-Moula told Youm7 Nov. 5.

In a speech Nov.1, President Abdel Fatah al-Sisi urged owners of businesses that offer basic commodities, especially food, to not raise the prices of their products after the price of the dollar against the pound increased.

He also vowed that the government and Armed Forces would intervene to regulate prices.

Trucks bearing the logo of the Armed Forces have been seen at several squares in Cairo, selling meat, poultry and other goods at prices lower than the average, with crowds of people gathering around the trucks.